Sea Limited (SE) Stock Receives $97 Price Target

By Amit Chowdhry ● Nov 21, 2022
  • The shares of Sea Limited (SE) recently received a $97 price target. These are the details.

The shares of Sea Limited (SE) recently received a $97 price target.

Price target: Reduced from $129 to $97

Rating: Buy

Analyst firm: Citi

Citi analysts adjusted the rating after noting that the company reported a mixed print with games operating metrics and e-commerce orders below estimates. And the company reassured the market of its focus on profitability with additional disclosure in Shopee marketplace.

Citi analyts adjusted the rating after citing the stock’s target multiple considering the slower gaming and e-commerce sales growth. But the analysts believe investors will revisit the name given the base reset for gaming.